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THE GOVERNMENT has been urged to come up with a clear and comprehensive strategy to boost the revenues of Bahrain’s national carrier and ensure its profitability.
A parliamentary probe committee into Gulf Air’s affairs has come up with 15 recommendations which, its members believe, are instrumental to steer the company on the right path as a flagship airline.
The findings and recommendations will be debated during Parliament’s weekly session on Tuesday.
The panel, chaired by MP Mohammed Al Marafi, claimed that it has ‘sufficient statistics’ on Gulf Air’s operational spending and revenue with the information mainly in percentages.
He alleged that ‘reliable sources’ had revealed that the national carrier’s net losses had reached BD77 million ($203m).
The figure was, however, not confirmed in replies from the Gulf Air Group Holding Company or Transportation and Telecommunications Minister Mohammed Al Kaabi, who is politically responsible for the kingdom’s sovereign wealth fund Bahrain Mumtalakat Holding Company that the group comes under.
The committee has also recommended legal action against all officials responsible for the alleged losses incurred by Gulf Air.
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